Millennium Post

‘Downturn exposes B-schools’ quality deficit’

The allure of Indian B-schools, barring the top 25, is fading and the employability of management graduates is on a decline, says an expert.

Recruitment avenues for management graduates are on a decline, considering the fact that the economy is growing at the lowest pace in nine years, besides the financial sector is also witnessing sluggish growth rate.

Moreover there are serious questions being asked about the quality of some B-schools [barring the top 25] and their pass outs.

'The number of management schools and engineering colleges in India is somewhere around 10,000 - 12,000 and there are serious questions about the employability of the graduates coming out of some of those institutions [barring the top 25],' IIT Delhi, professor and head [retd] Department of Management Studies, Rajat K Baisya said on the sidelines of an event organised by SkillTree. In late nineties India's management education sector saw a boom period as the number of business schools multiplied in no time.

But this situation is starting to deflate as people are realising that expensive courses in these kind of schools would not guarantee them a well-paid job. In the last five years however, the number of MBA seats in India has grown almost four fold from 94,704 in 2006-07 to 3,52,571 in 2011-12  resulting in a five-year compounded annual growth rate of 30 per cent, but their employability rates have fallen.    
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